28 Apr '13, 2pm

Small Biz Refresh: What Are Small Businesses Spending On, and How Does Your Spending Measure Up?

How do your small business’s spending habits stack up against those of other entrepreneurs nationwide? PEX Card’s first SMB (Small and Midsized Businesses) Benchmark Expense Survey , conducted in December, has some good and bad news about small business expenses. First, the bad news: PEX Card found that more than 60 percent of businesses expect their spending to increase in 2013. Among businesses with 25 to 49 employees, that figure was even higher (70 percent). Now, the good news: For more than one-third of businesses, spending is going up because of expenses associated with business growth. Overall, PEX found, the average SMB spends nearly $800K annually in the categories that were itemized in the survey. Expenses vary widely, though, depending on the size of the company. For those companies with fewer than 10 employees, average expenses were $378K; for companies with ov...

Full article: http://www.networksolutions.com/smallbusiness/2013/03/wha...

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